Czech Republic : Financial System Stability Assessment Update.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/177

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance, Public--Czech Republic.

Finance, Public.

Economic indicators--Czech Republic.

Economic indicators.

Physical Description:

1 online resource (47 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This paper presents a financial system stability assessment update for the Czech Republic. The financial system is confronted with a number of growing risks. Owing to a high reliance of the Czech economy on exports to European Union (EU) countries, the main risk stems from negative developments in EU countries. The results of stress tests show that Czech banks can withstand substantial shocks. The paper reports that the regulatory and supervisory framework for financial institutions is generally sound, although inadequate resources are a major weakness.

Contents:

Cover; Contents; Glossary; Executive Summary; Tables; 1. Key FSAP Recommendations; I. Macroeconomic Setting and Structure of the Financial System; A. Macroeconomic Setting; 2. Selected Economic Indicators (2007-13); B. Structure of the Financial System; II. Financial Stability Assessment; A. Performance of the Financial System; 3. Financial System Structure, 2009-11; B. Risks to Financial Stability; 4. Financial Soundness Indicators of the Banking Sector, 2008-2010; Figures; 1. Comparative Soundness of the Banking System; C. Stress Tests of Banks

2. GDP Trajectories Under Different Stress Test Scenarios3. Outcome of Solvency Stress Tests for the Czech Banking System; 4. Outcome of Liquidity Stress Tests for the Czech Banking System; III. The Financial Policy Framework; A. The Mandate of the CNB; B. Macroprudential Framework; C. Regulation and Supervision; D. Crisis Management and Resolution; Appendixes; I. 2002 FSAP Main Recommendations: Status of Implementation; II. Czech Republic: Risk Assessment Matrix; III: Stress Test Matrix: Solvency and Liquidity Risks

Annex I. Summary Observance of the Basel Core Principles for Effective Banking SupervisionA. Information and Methodology Used for Assessment; B. Institutional and Macroeconomic Setting and Market Structure-Overview; C. Preconditions for Effective Banking Supervision; D. Main Findings; 5. Summary Compliance with the Basel Core Principles-ROSCs; 6. Recommended Action Plan to Improve Compliance with the Basel Core Principles

Notes:

"July 2012."

Description based on print version record.

ISBN:

9781475517606

1475517602

9781475545814

1475545819

9781299263796

1299263798